Wirm brochure

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“There is opportunity. These are not esoteric risks. The future of this business is going to the innovators.” Patrick Ryan, Founder Aon (Sep 2012)
With wildfire losses reaching an all time high in 2012 and $136 billion of total property value being constantly under high threat, tornadoes causing $26 billion losses in 2011 and severe windstorms causing massive flooding damage, the gap in understanding non-modeled perils clearly must be addressed.
In order to sustain the profitability of extreme weather insurance, it will be crucial to find better ways to model and aggregate risk, critically evaluate the best approaches to risk management and understand the science behind the increase in frequency and intensity of weather events. 
What are the ‘new norms’ and how can insurers respond effectively? While writing long-term premiums, is it safe to assume that extreme and moderate years will balance each other out in the course of time? How can insurers provide an innovative response to balance opportunities and risks?
Bringing together over 20 senior insurance representatives, the Extreme Weather Insurance Risk Management Congress will provide in-depth peril-by-peril analysis of non-modeled and less well-understood weather events, to address and solve the challenges of more accurate risk quantification, aggregation and loss management.
Through a business-strategic lens, this uniquely tailored forum will deliver evaluation of tornado-hail, flood, wildfire and winter storm, alongside critical industry analysis on the reliability of current models for hurricanes to support insurers in developing a more individual view of risk, securing a more robust, accurate and sustainable natural catastrophe portfolio. 

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Wirm brochure

  1. 1. SAVE $400 Register by November 9 2012 January 23-24, 2013 | New York, New York, USAStrategic Analysis & Best Practices ForQuantifying & Managing The Risk OfNon-Modeled Catastrophes Assessing Solutions For More AccurateForecasting Of Less Precisely Modeled PerilsEnabling Profitable Insurance Forecasting ForExtreme Weather Events Expert Insights From Over 20 Of TheJoin Strategic Discussions On Key Issues Impacting Insurance Of Most Innovative Insurers Including:Extreme Weather Events Including: Kevin Huang Chief Risk OfficerPSTRATEGIC INDUSTRY OUTLOOK ON EXTREME WEATHER RISK MANAGEMENT: AIG AmericasUnderstanding Shifts In Weather Frequency Patterns And Industry Strategic Approaches ToThe Changing View Of Risk Cliff Hope EVP Chief Property UnderwriterPQUANTIFYING NON-MODELED RISK: Finding Solutions For Managing Non-Modeled And AspenLess Precisely Modeled Peril Exposures To Capitalize On Opportunities Whilst Balancing The Risk Erik NikodemPCHANGING VIEW OF HURRICANE RISK: Enabling Improved Accuracy In Hurricane EVP Property Division ExecutiveExposure Assessment, Implementing Effective Strategies To Mitigate Against Unpredictability Lexington InsuranceAnd Avoiding Over-Reliance On Models Lindene PattonPTORNADO - HAIL: Evaluating Lessons Learned And Benchmarking Methodologies For Chief Climate Product OfficerDeveloping More Precise Quantification And Aggregation Of Tornado Risk Zurich InsurancePFLOOD: Uncovering Innovative Flood Modeling Techniques To Support Improved Risk Steve Hunckler Chief Claims Officer Analysis And Assessing The Intersection Of Flood Loss With Wind And Precipitation-Related Chief Risk Control Services OfficerEvents To Better Understand Total Exposure State AutoPWILDFIRE: Increasing Understanding Of Wildfire Losses To Decipher Best Practices And Edwin Jordan Chief Underwriting Officer Solutions For Mitigating Against Future Losses Chief Strategy Officer Tokio Millennium RePLOSS ANALYSIS RISK MITIGATION MEASURES: Examining Cost-Benefit AnalysisOf Risk Mitigation Control Measures Across Modeled And Non-Modeled Perils To Minimize Gary StephenFuture Losses SVP Claims Risk Management PURE InsurancePEMPLOYING THE LATEST TECHNOLOGIES: Applying The Best Tools Available ToSupport Risk Evaluation, Underwriting And Claims Processes Kevin Lee VP Senior Credit Officer Moody’s Organized by: Media Partner: Karl Brondell AVP Claims State Farmwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  2. 2. January 23-24, 2013 Dear Colleague, New York | USA Would you like to gain exclusive insights into how to maximize opportunities for insuring extreme weather events, whilst implementing effective loss management and risk mitigation measures? TOP 7 REASONS TO ATTEND: If so, we invite you to join us at the Extreme Weather Insurance Risk Management Congress 2013, where you will hear over 20 Senior Risk, Underwriting And Claims 1 The only forum providing in-depth peril-by-peril analysis of quantification, aggregation and loss management of non- Officers’ perspectives from leading and innovative insurance carriers, covering the primary as well as excess and surplus markets. modeled and less well understood perils and exposures With wildfire losses reaching an all time high in 2012 and $136 billion of total property value being constantly under high threat, tornadoes causing $26 billion losses in 2011, and severe windstorms causing massive flooding damage, it is imperative that 2 Hear from 20+ senior insurance experts as they discuss their strategic approaches to managing volatile extreme the gap in understanding non-modeled perils is tackled. weather events for a more sustainable, In order to sustain the profitability of extreme weather insurance it will be accurate and profitable risk portfolio crucial to find better ways to model and aggregate risk, critically evaluate the best approaches to risk management, and understand the science behind the increase in frequency and intensity of weather events. 3 Uncover innovative techniques and tools for quantifying the risk of non- modeled exposures and assess solutions Addressing this dynamic challenge, the Extreme Weather Insurance Risk for combating major disruption from model Management Congress 2013 will provide an in depth peril-by-peril analysis, through changes a business–strategic lens, to unravel the most effective strategic approaches, best practices and latest advancements in managing non-modeled and less precisely modeled perils and exposures. 4 Determine the most effective risk mitigation measures for tornado, hail, flood, wildfire, hurricane and winter storm This is a key opportunity not only to understand how to best prevent continued to ensure you are sufficiently prepared erosion of capital, but also to discover innovative ways to meet increasing market strategically, practically and financially demand for tornado, hail, flood, winterstorm, wildfire and, of course, hurricane coverages for inland and coastal areas. This must-attend event, designed according to industry needs, will help you tap 5 Take the opportunity to benchmark your future strategy and effectively weigh up opportunities to charge premiums against into the future direction of extreme weather insurance, assess tools for developing a risk loss estimations more individual view of risk and subsequently, employ a more robust, accurate and sustainable natural catastrophe portfolio. Please take a look at the enclosed agenda and visit: 6 Draw on pockets of innovation from across the industry to identify the best applications of new technologies for www.extreme-weather-risk-management.com risk evaluation, underwriting and claims for the fastest way to register. processes to drive forward improved Registe I look forward to meeting you early next year in New York. response r By Kind regards, Novemb To Mak er 9, 2012 e A Sa 7 Network with industry leaders in this insurance dedicated forum with extended v $400 O ing Of networking opportunities at the exclusive Standar ff drinks reception, included in your pass at Marija Cepulyte d Pricin the end of Day One Conference Director g! Sponsorship And Exhibition Opportunities We all want accurate risk quantification, At The The Extreme Weather Insurance Risk Management Congress 2013 aggregation and loss management. Improvements Need to generate new sales leads, engage decision makers, build new future business will be achieved by learning from each other. relationships in this growth market, or simply educate the industry about your new product? I’m looking forward to sharing and learning. Then you need to exhibit at the Extreme Weather Insurance Risk Management Congress Ed Jordan 2013. Our busy exhibit area is an integral part of the Congress and is of genuine practical Chief Underwriting Officer and value to delegates, who are looking for new solutions and technologies. Becoming a Sponsor Chief Strategy Officer will help you position yourself as a market leader and center of excellence to the key decision Tokio Millennium Re Ltd. makers from across the industry. See Page 5 For Further Informationwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  3. 3. Day One Translating Weather Trends Into An Effective Extreme Weather Risk Management Strategy Through Assessment Of The Most Innovative Tools, Techniques AndWednesday January 23, 2013 Methodologies For Quantifying And Managing Non-Modeled Perils8.50 Chair’s Opening Remarks • Assessing solutions for achieving more precise application of FLOOD RISK tornado models – how can they be made more effective? UNCOVERING GROUNDBREAKING TECHNOLOGIES, TOOLS ANDKevin Huang, Chief Risk Officer, AIG Americas METHODOLOGIES IN FLOOD MANAGEMENT TO MAKE MORE • Bringing the right information and data to the underwriting OPENING KEYNOTE PANEL: WEATHER TRENDS AND ACCURATE AND PROFITABLE INSURANCE FORECASTS - how can we adequately capture and measure this risk and INDUSTRY STRATEGIC RESPONSES challenge so far? FLOOD MODELING TECHNOLOGIES METHODOLOGIES9.00 Understanding Shifts In Weather Frequency Patterns And • Building the appropriate amount of loading to price for the risk A: US Flood QuantificationThe Best Approaches For Interpreting This Into A Sustainable,Accurate And Profitable Risk Portfolio: Assessing The New Norms • Improving assessment of tornado-hail frequency patterns and 2.50 Developing Innovative Ways Of Modeling Flood To EnableAnd Industry Strategic Responses incorporating into decision making Improved Measurement Of Risk: Unlocking Opportunities For Insuring US Coastal, River And Winter-Storm Related Flood• Investigating the science behind changing weather patterns Erik Nikodem, EVP Property Division Executive, Lexington Insurance and frequencies - why is this happening? • Understanding models and technologies that are available to 12.10 Question Answer Session assess risk without having to build models internally - what is• Measuring potential severity and outcomes of future available in the market to provide a more realistic view of the risk? AGGREGATION OF TORNADO RISK extreme weather events - was 2011 a one off or a sign of things to come? What exactly are the ‘new norms’? 12.20 Investigating Tornado-Hail Aggregation Of Risk To Improve • Exploring the potential outcomes of less frequent more Understanding Of Total Exposure: Establishing Sustainable And severe flooding events to understand how much is at risk –• Examining cat model vulnerability - how can this be coastal, river and precipitation-related managed to really address the type of weather experiences Profitable Tornado-Hail Insurance that we are currently experiencing • Assessing how multiple tornado events aggregate in a • Uncovering the latest, best and most economical technology portfolio as a key tool for better understanding exposures to to determine flood loss and effectively underwrite it• Combating major disruption from model changes – benchmarking industry responses and best practices mitigate against major loss • Examining meteorological and geological influences to approaches for quantification of risk • How does the calculated aggregates impact losses and determine what regions are going to become most prone to decisions on what and where to write? major flooding - supporting commercially sound selection of risk• Understanding consumer responses and purchasing behavior before and after extreme weather events – • Insights into experiences on how these losses aggregate • Highlighting methodologies outside of aggregation and measuring shifts in insurance demand geographically and over time modeling that can be utilized to manage flood risk more effectively• Exploring what action can be taken today to account for the • Best practice techniques and methodologies for classifying volatility of extreme weather events rather than reacting to one event from another • Capitalizing on digital elevation models and hydrological models model changes - how can insurers make strategic plans based to analyze risk on a probabilistic and deterministic level • Considerations for establishing viable tornado-hail insurance on weather forecasts? Is everything insurable for the right price? and maximizing this revenue stream - can this be a • Improving understanding of flood exposures and loss• Cultivating a long-term view of risk: Should the industry profitable business? potential - advantages and limitations of assessment by anticipate, price for and reserve for the worst-case scenario State and regional distribution: How do you manage the Michael Carr, SVP Excess Surplus Property, Liberty International exposure? How can base controls be identified? to be able to take on the additional risk that exists today? UnderwritersJoseph Tinetti, EVP Head of Property, Zurich Insurance • Evaluating the risk of river flood and flood from precipitation 12.50 Question Answer Session as part of a robust flood risk management strategyLindene Patton, Chief Climate Product Officer, Zurich Insurance 1.00 Networking Lunch In The Exhibition Showcase Area • Exploring the potential for incorporating remote sensingBonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate US CONVECTIVE STORM LESSONS LEARNED technology and satellite imagery to support more accurateCliff Hope, EVP Chief Property Underwriter, Aspen quantification of flood risk10.00 Question Answer Session 2.00 Lessons Learned From Recent Tornado, Convective Storm Events Across The US: Assessing Organizational Impacts, Losses Cliff Hope, EVP Chief Property Underwriter, Aspen MANAGEMENT OF NON-MODELED PERILS And Reflecting On The Upsurge In Frequency And Intensity Of 3.20 Question Answer Session10.20 Effectively Managing Non-Modeled Risk: Capturing and This Peril To Mitigate Future RisksUtilizing Information For Improved Quantification Of Risk, B: Calculating Flood Risk On A World Wide Basis Perspective AMeasurement Of Exposure And Overall Better Decision Making 3.30 Evaluating International Flood Risk To Better UnderstandCapability • Debating whether 2011 and 2012 tornado hail activity in the Exposures Across The Overall Portfolio And Capitalize On US is a sign of things to come. Is this the new norm? Opportunities In Emerging Markets• Exploring strategic responses within the industry to quantifying the risk of non-modeled catastrophes • Comparing different approaches and options for managing • Deciphering the impact of changing weather patterns on• Recognizing the challenges, exposures and risks specific to the increased severity and frequency in tornados: global flood loss. How can the substantial data gaps be particular non-modeled perils: Where do the most feasible -- Diversifying geographically to moderate exposure to the filled? opportunities lie? most high-risk locations • Keeping up with topographic changes around the world to• Investigating best practices for viewing and managing these -- Tightening underwriting standards determine which new areas are flood exposed to support types of risks to improve loss prediction -- Increasing premiums accurate underwriting• Adjusting for non-modeled perils and charging appropriate • Addressing the critical component of accurate valuations to • Applying weather risk technologies in international markets rates for risk prevent future underinsuring – analysis on lessons learned – what are the best ways to measure risk in areas where no• Assessing ways of transforming non-modeled catastrophes in recent claims flood maps are available? into modeled ones • Reflecting on industry losses from Joplin and subsequent • Addressing concerns with data quality in emerging markets:• What kinds of resources are currently available for non- convective storms – what has been learnt in terms of Best practices for effectively capturing this information to modeled risk measurement? projected versus actual losses that could improve future increase the degree of accuracy in evaluations• Employing the best tools to allow underwriters to better evaluation and modeling interpretation of risk? • Thailand 2011: Analyzing difficulties in assessing losses to measure what their exposure is – analysis on current Steve Hunckler, Chief Claims Officer and Chief Risk Control Services understand how they could be prevented in the future, and techniques, tools and methodologies pros and cons Officer, State Auto Insurance how these lessons can be transferred to other developingPrateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance commercial markets? Perspective BRobert Zehr, Director of Enterprise Risk Management, Erie Insurance Ming Li, Head of Business Development and Research, Tokio Marine Tech LLC • Reflecting on industry losses from Joplin and Alabama and11.00 Question Answer Session subsequent convective storms 4.00 Question Answer Session11.10 Morning Refreshments In The Exhibition Showcase Area • Assessing organizational impact of losses and reflecting on 4.10 Afternoon Refreshments In The Exhibition Showcase Area the upsurge in frequency and intensity of this peril TORNADO-HAIL ADDRESSING TORNADO-HAIL RISK FROM MODELING, • Discussing approaches and options for managing the UNDERWRITING AND CLAIMS PERSPECTIVES: ACHIEVING MORE increased challenges of the severity and frequency of ACCURATE EVALUATIONS AND IMPROVED UNDERSTANDING OF weather events AGGREGATION TO MITIGATE LOSS • Balancing the response to large events efficiently and cost QUANTIFYING TORNADO-HAIL RISK effectively11.30 Developing More Precise Application Of Modeling For • Evaluating the magnitude of recent weather events in orderTornado-Hail To Allow Better Quantification Of Risk And More to respond more effectively to future catastrophesSpecific Assessments For Underwriting • Lessons learned in ensuring availability of adequate• Are large tornadoes on the upside temporarily, or do we just resources in responding to multiple weather events: observe more of them? Is this the new trend? Experienced claims adjusters, hard commodities etc.• Anticipating the unpredictable – advances in understanding where Karl Brondell, AVP Claims, State Farm and how tornadoes are going to provide a better view of the risk 2.40 Shared Question Answer Sessionwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  4. 4. Day OneWednesday January 23, 2013 LOSS ANALYSIS: FLOOD VS WIND • Mitigating exposure to storm surge and hurricane-related • Understanding what metrics are being used in light of flooding vs. charging additional premiums - is it better just to potential deficiencies in models4.40 Effectively Managing Complexities When Flood Interacts provide the flood coverage and take the premium?With Insured Perils: Highlighting Potential Pitfalls, Understanding • Clarifying how a consistent view across the marketplaceLimits And Analyzing The Impact Of The National Flood Program • Preventing compounding of wind risk with the flood risk: is achieved with variable approaches to risk managementMandate Assessing how wind and flood losses are likely to aggregate across the industry across the portfolio• Detailing wind vs. flood coverage – where does one end and • Calculations of probable maximum losses – how is this being the other one start? David Treutel, President CEO, Treutel Insurance Agency And Chair, impacted by the changing view of risk? Flood Insurance Producers National Committee• Contract form differences between National Flood Program, • Insights into how the rating agencies evaluate catastrophe contracts and commercial property insurance forms: 5.10 Question Answer Session risk and how it may evolve going forward? Assessing where the gaps in coverage falls to identify pitfalls RATING AGENCY PERSPECTIVE • Outlining expectations for insurers to provide their own view and consequences for wind claims of their catastrophe exposures and justify decisions based 5.20 Addressing Ratings Agencies Views On The Challenge Of on model results• Understanding changes in the National Flood Program in Unpredictability In Weather, The Changing Approach To Natural terms of what is actually covered and how this should be Catastrophe Risk And Model Reliability Kevin Lee, VP Senior Credit Officer, Moody’s addressed in underwriting for wind policy coverages • How are rating agencies tackling the challenge of Gary Davis, AVP Property / Casualty Division, A. M. Best• Utilizing new technologies and scientific community data unpredictability in weather and subsequent issues with Speaker Representative, Name To Be Confirmed, Standard Poor’s to overcome ambiguity between wind and flood damage models? 5.50 Question Answer Session in storm surge claims - how do you effectively differentiate • Explaining capital requirements: Why are they so high? the exposure? 6.00 Chair’s Day One Closing Remarks 6.10 – 7.10 Networking Drinks In The Exhibition Showcase Area Changes in the financial sector, regulatory environment and economy in general have made thorough understanding of risk for effective risk management a necessity. I am excited to exchange views and learnings with a great panel of speakers and attendees on this complex and challenging topic Prateek Chhabra AVP Corporate Risk Strategy Hanover Insurance Speaker Faculty At Extreme Weather Insurance Risk Management P Kevin Huang, Chief Risk Officer, AIG Americas P Kevin Lee, VP Senior Credit Officer, Moody’s P Joseph Tinetti, EVP Head of Property, Zurich Insurance P Ming Li, Head of Business Development Research, Tokio Marine Tech P Cliff Hope, EVP Chief Property Underwriter, Aspen P Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance P Erik Nikodem, EVP Property Division Executive, Lexington Insurance P Karl Brondell, AVP Claims, State Farm P Lindene Patton, Chief Climate Product Officer, Zurich Insurance P Gary Davis, AVP Property / Casualty Division, A. M. Best P Steve Hunckler, Chief Claims Officer Chief Risk Control Services Officer, State Auto P Linda Conrad, Director of Strategic Business Risk Management, P Edwin Jordan, Chief Underwriting Officer Chief Strategy Officer, Tokio Millennium Re Zurich Insurance P Michael Carr, SVP Excess Surplus Property, Liberty International Underwriters P Robert Zehr, Director Of Enterprise Risk Management, ERIE Insurance P Gary Stephen, SVP, Claims and Risk Management, PURE Insurance P David Treutel, President CEO, Treutel Insurance Agency, and P Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate Chair, Flood Insurance Producers National Committee P Victor Sordillo, VP Global Technical Services Manager, Loss Control Services, Chubb Son P Leslie Chapman-Henderson, President CEO, FLASHwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  5. 5. Day Two Supporting Improved Decision Making Through Application Of New Technologies, Implementing Effective Mitigation Control Measures And MoreThursday January 24, 2013 Accurately Quantifying Hurricanes, Wildfire And Winter Storm8.50 Chair’s Opening Remarks WILDFIRE RISK • Recognizing and accounting for second and third tier losses EMPLOYING THE BEST TOOLS FOR ANALYZING WILDFIRE RISK in the supply chain – implementing sufficient stress-testing KEYNOTE PANEL: APPLICATION OF NEW TECHNOLOGIES AND EFFECTIVELY PUTTING IN PLACE LOSS CONTROL MEASURES and structures to avoid disputes9.00 Capitalizing On The Latest Technologies To Significantly • Enabling improved future planning and charging for CBI inImprove Extreme Weather Risk Management Decision Making WILDFIRE RISK ASSESSMENT the short and in the long run: Is it possible to charge enoughFrom Underwriting To Claims Operations 12.20 Understanding The Causes, Potential Severity And premiums to cover the risk?• Employing the best tools as part of risk evaluation process to Frequency Of Wildfire To Support Accurate, Profitable • Exploring development of stand-alone and bespoke CBI further strengthen reliability of models and to compensate Underwriting And Protection Against Large Loss policies to support faster and less complicated payment of for non-existent models • Investigating societal and scientific causes of wildfire and claims• Using satellites for a global preview to better assess distant understanding the impact of climate change on this peril Linda Conrad, Director of Strategic Business Risk Management, Zurich and difficult to reach locations • Understanding wildfire severity and accounting for Insurance• Incorporating satellite based imaging into data sourcing frequencies to underwrite confidently 3.50 Question Answer Session process to improve the accuracy of information and more • Aggregating wildfire risk across the overall portfolio for efficiently locate hydrological hazards in time and space 4.00 Afternoon Refreshments In The Exhibition Showcase Area better capital management and more adequate pricing• Operating remote sense technology to assess condition RISK MITIGATION BEST PRACTICE PANEL • Weighing the opportunity vs. the risk: How strong is the evolving of properties before and after catastrophe to assist the business case for including in client’s coverage vs. excluding? 4.30 Revealing Best Practices In Risk Mitigation Control Measures valuation and claims processes Victor Sordillo, VP Global Technical Services Manager, Loss Control To Reduce Exposure To Catastrophic Weather EventsPrateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance Services, Chubb Son • Adopting hazard-mitigation measures that are9.30 Question Answer Session 12.50 Question Answer Session commensurate with the risk - dissecting what is at the stake HURRICANE RISK EVALUATION over the next 1, 3 and 5 + years in order to adequately 1.00 Networking Lunch In The Exhibition Showcase Area prepare strategically, practically and financially9.40 Managing The Changing View Of Hurricane Risk: Assessing CASE STUDY: MANAGING WILDFIRE RISK – MITIGATIONThe Gap Between Model Predictions And Reality To Fully • Identifying preferred construction types for better protection CONTROL MEASURESUnderstand Vulnerabilities And Better Prepare For A Major Event against wind and flood damage 2.00 Analyzing Recent Industry Losses From Wildfires And• Defining the best strategic approaches to hurricane risk • Developments implementing and updating building codes Lessons Learned For Improved Management And Mitigation evaluation to ensure all elements of the risk are captured to reflect modern demands as a key solution for overcoming Control Measures risks – how can these be further encouraged and enforced?• Scrutinizing existing hurricane models: addressing recent • Comparing modeled results with actual losses to assess changes and highlighted vulnerabilities to identify solutions • Insights into testing of how building codes and materials wildfire modeling tools efficacy – drawing on experiences for risk mitigation hold up under extreme duress from significant losses in 2011-2012• Allowing for the unreliability and potential deficiencies within • Making recommendations to clients in terms of less risk- • How can wildfire models be improved to help manage and models to better manage the gaps between the model prone locations, building safety requirements and in-house mitigate against losses? projections and reality precautions to lessen risk exposure • Addressing various preventative measures, such as• Considerations for taking a more proactive approach to • Mitigating loss burdens by providing comprehensive educating consumers about fire lines and fire prevention to hurricane pricing - industry views on how best to respond to information and offering specific prevention incentives for mitigate the wildfire risk predictions for active or inactive seasons reducing the vulnerability of buildings and infrastructure • Assessing relationships between type of structures and• Accounting for short-term, midterm and long-term • Assessing the key elements adding to increased losses in resulting losses evaluations for hurricane risk – is the severity likely to recent wind and flood-related claims to effectively match the increase or have we experienced single point events? • Cost-benefit analysis of mitigation control measures to highest cost benefit mitigation measures prevent fire from spreading further: Sending private fire-Kevin Huang, Chief Risk Officer, AIG Americas • Highlighting and comparing developments in Emergency fighters, moving flammable materials away from insured Management Systems across municipalities – what can be10.10 Question Answer Session houses, wetting houses with fire retardant mixture learned at this level to reduce losses? REINSURANCE PERSPECTIVE Gary Stephen, SVP Claims Risk Management, PURE Insurance Leslie Chapman-Henderson, President CEO, FLASH10.20 Development Of Reinsurance Structures To Alleviate 2.30 Question Answer Session 5.10 Question Answer SessionUncertainty And Volatility In Weather Patterns And Models WINTER STORM END OF CONFERENCE ROUND UP AND DISCUSSION• Reviewing changes in the reinsurance market driven 2.40 Assessing Frequency, Impact And Management Of Winter 5.20 Summarizing Takeaway Solutions And Learnings To by changes in catastrophe models - mapping shifts in Storm To Better Understand The Overall Portfolio Risk Delineate The Best Future Approaches Towards Extreme Weather reinsurance decision making Risk Management • Evaluating science predictions on US winter storm trends to• Evaluating how changes in model outputs have prompted changes have better expectations of what is yet to come • Reviewing the best tools, techniques and methodologies in reinsurance costs, particularly in the coast states of the gulf for progressing understanding and management of non- • Assessing gaps in winter storm model and aggregate• Addressing reinsurance perspectives on quantifying risk modeled or less precisely modeled events monitoring to find best ways of modeling winter storms for to better understand the results they get and whether the accurate loss estimation • Comparing conclusions for enabling robust risk management variability is fully accounted for to prevent over-reliability on models • Gaining insight into winter storm intersection with floods• Mapping reinsurance strategic visions for managing future and thunderstorms to better handle claims • Outlining key takeaways for effectively mitigating against extreme weather events losses in an environment of unpredictability • Reviewing the impact of US winter storm and analyzingEdwin Jordan, Chief Underwriting Officer Chief Strategy Officer, Tokio cumulative losses: What strategic actions to take now - 5.35 Chair’s Closing RemarksMillennium Re minimizing risk vs. maximizing the revenue 5.40 End Of Congress10.50 Extended Question Answer Discussion • Exploring opportunities to capitalize on insuring contingent11.10 Morning Refreshment In The Exhibition Showcase Area business interruption – is it worth it? MODELING COMMUNITY VIEWS 3.10 Question Answer Session11.40 Outlining Modeling Community Views And Future Plans CONTINGENT BUSINESS INTERRUPTIONOn Improving Models To Better Accommodate Weather Volatility 3.20 Tackling The Underestimation Of Business ContingentAnd Provide Solutions For Non-Modeled Peril Quantification Exposure As A Major Contributor To Insured And Economic• Addressing model limitations and vulnerabilities – what actions modeling agencies have taken to improve these areas? Losses: Analyzing Available Methods Of Quantification And Their Effectiveness SAVE $400• Learning what is on the horizon: Improvements and changes • Quantifying Contingent Business Interruption (CBI): Can this modeling companies are planning to make and how to risk be quantified – or is it just a hidden liability? Register by prepare for them• Providing information on available resources for managing • Evaluating the current approaches and difficulties in managing CBI to understand how sound they are and what November 9 non-modeled perils to help underwriters better understand and measure their exposure improvements could be made 2012 • Improving ability and underwriting expertise for how to rate• Advising on quantifying risk and adjusting price for non- and properly reserve business interruption from a contingent modeled perils point of view through development of bespoke actuarial tools12.10 Question Answer Sessionwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  6. 6. SponsorshipOpportunitiesAchieving Your Business Objectives Who Will You Meet?At The Extreme Weather Insurance Risk Management Congress 2013:Extreme Weather Insurance Risk Management Congress 2013 offers aunique platform for you to deliver your message, raise awareness and Attendees By Organization Type:network with industry leaders working on improving the accuracy of g 40% Insurersevaluating and improving the management of non-modeled perils and g 25% Reinsurers and Brokersless well understood exposures. g 25% Consultants and Solutions ProvidersP Demonstrate Thought Leadership g 10% Research Institutes, Regulators, Ratings AgenciesImproving quantification of non-modeled extreme weather events anddeveloping an individual view of risk is a growing area of technologicaldevelopment and investment. You may be pioneering these advances,but do your customers know what differentiates you from yourcompetitors? Use targeted, editorially reviewed keynotes and casestudies to demonstrate thought leadership to your target audience.P Raise Brand Awareness And Increase Your ProfileAny solutions selected by Insurers must be subjected to carefulcomparative cost-benefit analysis. Of course, senior executives takeinto account profile, credibility and market leadership when selectingsuppliers to support their risk management strategies and processes.Your organization must be at the forefront when these decisions aremade. Cement your leadership position with targeted branding andprofiling campaigns directed at the leading insurers as they search forsolutions to more accurately quantify and better manage insurance ofextreme weather events.P Meet And Network With Decision MakersThought leadership, branding and profiling are converted into contractsthrough extensive face-to-face relationship building. As a dedicated eventto extreme weather insurance risk management, this intimate forumenables you to meet specific job titles in one place at one time, giving youthe best possible chance of influencing key decision makers. To secure your booth or discuss tailor-made sponsorship packages, contact: Venue Information: Steve Thomas Crowne Plaza Hotel Times Square (1) 800 721 3915 or email 1605 Broadway, New York, steve@american-business-conferences.com NY 10019 USA www.crowneplaza.comwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  7. 7. Yes P I would like to register the delegate(s) below for the 2 day conference Extreme Weather Insurance Risk Management Congress DETAILS PLEASE USE CAPITALS - Photocopy for multiple delegatesDelegate 1 * Mr * Miss * Ms * Mrs * Dr * OtherNamePositionDelegate 2 * Mr * Miss * Ms * Mrs * Dr * OtherNamePositionOrganizationAddressCountry Zip/Postal CodeTelephone FaxEmail Signature DELEGATE RATES We have group discounts so you can involve your whole organization or team DELEGATE FEES (Guests are responsible for their own travel and accommodation arrangements) Super Early Booking Discount Early Booking Discount Standard Rate Book and pay before November 9, 2012 Book and pay before December 7, 2012 From December 7, 20122 Day Conference Plus Conference Audio Proceedings * US $1698 (Save $400) * US $1898 (Save $200) * US $20982 Day Conference * US $1399 (Save $400) * US $1599 (Save $200) * US $1799I would like to order the presentations on CD, including audio files * $499 US PAYMENT Please tick appropriate boxes and complete detailsPayment must be received in full prior to the event.* Check I enclose a check in US Dollars payable to London Business Conferences for $* Payment by Wire Transfer A copy of the bank transfer document should be attached to your registration form so appropriate allocation of funds can be made to your registration.Bank Name: Barclays Bank Account Name: London Business Conferences Account Number: 42331166 SWIFTBIC: BARCGB22 IBAN: GB59BARC20982142331166 EIN: 98-051 4924Please charge my * Visa * American Express * MastercardAmount $ Expiry dateCard number Security Code / CVV (required)Name on card Signature of card holderTerms and Conditions colleague to take your place. write to the Head of Marketing,The conference is being organizedby American Business Conferences, American Business Conferences reserves the right to alter or cancel American Business Conferences at the address below if you specifically do HOW TO REGISTERa division of London Business thespeakers or program. Receipt of not want to receive this information.Conferences Ltd, a limited liability thibooking form, inclusive or exclusive American Business Conferences, City Please Return Your Completed Registration Form To Our Customer Service Teamcompany formed under English of payment constitutes formal Centre One 800 Town Country Blvdcompany law and registered in the UK agreement to attend and acceptance Suite 300, Houston, TX, 77024, USA Call (1) 800 721 3915no. 5090859. of the terms and conditions stated. American Business ConferencesCancellations received one calendar *If you are claiming the early booking will not accept liability for anymonth (or the previous working day discount this may not be used in individual transport delays and in Fax (1) 800 714 1359whichever is the earliest) before the conjunction with other discounts such circumstances the normalevent will be eligible for a refund less advertised elsewhere. cancellation restrictions apply. Email info@american-business-conferences.com$150 administration fee. Cancellations We would like to keep you informed American Business Conferencesmust be made in writing. After that of other American Business is a Division of London Business Online www.extreme-weather-risk-management.compoint no refund can be made. If you Conferences products and services. Conferences Limited, Registeredare unable to attend, no refund can This will be carried out in accordance in England No. 5090859 EIN. no:be given but you may nominate a with the Data Protection Act. Please 98-0514924 Address City Centre One 800 Town Country Blvd Suite 300, Houston, TX, 77024, USAwww.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

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